Bold is a Los Angeles-based healthy ageing platform that recently raised $17 million in Series A funding. The round was led by Rethink Impact, with participation from Samsung Next and existing investors Andreessen Horowitz (a16z) Bio + Health, Khosla Ventures, GingerBread Capital, and Primetime Partners. This brings the company's total funding to $27 million.
In conjunction with the funding, Jenny Abramson, Founder and Managing Partner of Rethink Impact, is joining Bold's Board of Directors. Abramson is a recognized expert in the impact investing space and has a deep understanding of the challenges and opportunities facing the ageing population. Bold will use the funding to expand its partnerships with Medicare plans and providers, and to develop new clinical exercise offerings that meet the diverse physical and mental health needs of older adults. The company is led by Amanda Rees, Co-founder and CEO. Bold is a personalized, evidence-based exercise platform that helps Medicare members prevent falls, reduce pain, and increase physical activity levels.
Bold's mission is to help older adults live healthier, happier lives. The company believes that exercise is one of the most important things that older adults can do to improve their health and well-being. Bold's platform provides personalized exercise programs that are tailored to the individual needs of each member. The programs are led by experienced trainers and include a variety of exercises that are safe and effective for older adults. Bold is committed to making exercise accessible to all older adults, regardless of their income or health status. The company partners with Medicare plans and providers to offer its programs at a discounted rate. Bold also offers financial assistance to members who need it.
Bold is a leading innovator in the healthy ageing space. The company is well-positioned to make a significant impact on the lives of millions of older adults. With this new funding, Bold is poised to accelerate its growth and reach even more people.
